SOLUTION: Find the accumulated amount if $5,000 is invested at 8% compounded annually for 6 years

Question 664979: Find the accumulated amount if $5,000 is invested at 8% compounded annually for 6 years

Found 2 solutions by rfer, lynnlo:
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=5000(1.08)^6
A=5000*1.5869
A=$7934.50
Answer by lynnlo(4176) (Show Source): You can put this solution on YOUR website!
$7,400.00
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